How the sell and rentback scheme works

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Sell and rent

Firstly, before you enquire about the sell and rent back scheme, try to ascertain if this is the correct way to proceed for yourself. What may be good for one set of circumstances may not be good for another. If you have a healthy credit rating, then explore the possibility of finding low cost financing. There are several methods available depending on the amount and the purpose for unlocking the potential in your property. If you are in need of short term financing, and are confident that you will be able to afford paying the advance in a relatively short period of time, then maybe another alternative for you could be a bridging loan. This is a way of financing that is set up with repayment plans usually anywhere from one to twelve months. The advantage of this is that it is fast cash. The downside is that the loan is secured against your property and failure to keep up your repayments could end with you losing your property. Another option you could explore is remortgaging your home. If you have enough equity in your property, this can reduced your mortgage costs monthly. The adverse effect of this is that your borrowing length increases. If you have a bad credit rating, then you may struggle to find these two types of refinancing, and alternatively sell and rent back maybe the best option for you.

Our step by step guide

Firstly, call us on 0845 621 5000, send us an email or use the enquiry form opposite to initiate contact. We are proud of the professionalism of our office staff, which treats every call with the discretion it warrants. No two set of circumstances are alike, which we fully understand, and we do respect your privacy in the matter.

Once you have made contact we can arrange a no cost valuation usually within twenty four hours, but also when it is most convenient for you. We will value and survey your property at the same time. From this we can ascertain a trade price for you, bearing in mind that you have no estate agent, valuation, survey or legal fees to pay.

You will receive, in writing, within forty eight hours our offer for you quick sale. We will also include details of the rental agreement if you choose to take advantage of the sell and rent scheme.

If you are totally happy with the offer, the property sale can be completed within seven days. Alternatively you can negotiate the terms of sale and the rental agreement on the day of the valuation, to unlock your equity in a very quick time.

Sell and rent

This is a tailor made way of achieving a quick house sale without having the hassle or worries of finding somewhere else to live. You can stay in your property short or long term. That is entirely up to you. More and more UK residents are looking at unlocking the equity in their home, and having the luxury of not having to find somewhere else to live. This includes, but is not exclusive to home owners wishing to unlock the capital in their property without having to use expensive equity release schemes. Property owners worried that the housing may fall, and could lose money in the process. People with financial worries or facing bankruptcy and repossession. One quick call can put your mind at rest and ease any financial worries you may have.